Extended Deadline for Employer’s TD7 Submission (2019 Onwards)
On July 4, 2024, the Tax Department announced that employers can submit the Employer’s Return for Withheld Taxes & Contributions (TD7) for the years 2019 to 2023 without facing administrative fines if submitted by 31 October 2024. After this date, late submissions will incur fines as per the legislation currently at €100. This announcement grants […]
Cyprus Review Engagements
Which Cyprus Private Limited Companies are now Exempt from Statutory Audits? On 9 June 2022, the Cyprus Companies Law Cap 113 was updated to introduce a statutory audit exemption for private limited companies and instead these companies will be subjected to an assurance review under much less demanding standards than an audit. Companies which meet […]
Cyprus Company Incorporation: A Step-by-Step Guide
Incorporating a Cyprus company can be a straightforward and efficient process, thanks to the country’s business-friendly environment and efficient incorporation procedures. In this article, we will provide a step-by-step guide on how to incorporate a company in Cyprus. Step 1: Choose a Company Name The first step in incorporating a Cyprus company is to choose a […]
